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Friday, April 17, 2015

SHARES of Noble Group picked up on substantial volume in ahead of schedule morning exchange on Friday, in front of its yearly shareholders' meeting at 10am around the same time.

The stock was up one Singapore cent, or 1.1 every penny, to 88.5 Singapore cents. It was among the most effectively exchanged stocks in the initial 15 minutes of exchanging.

The commodities firm has gone under overwhelming feedback by minimal known research firm Iceberg Research. Short merchant Muddy Waters, which additionally targeted another Singapore-recorded wares firm Olam International, has likewise uncovered that it holds short positions in Noble.

Iceberg not long from now dispatched another salvo of inquiries went for Noble Group on its site. In its rundown of 15 inquiries, the exploration firm kept on squeezing for more data over Australian-recorded mining firm Yancoal, in which Noble holds a 13 percent stake.

SINGAPORE Exchange (SGX) on Friday said it is developing its coordinated effort with the Bank of China (BOC) in developing the renminbi market.

Through this, the accomplices will investigate more yuan-designated items, and improve the clearing and settlement administrations for China's cash. They will likewise take a gander at "more noteworthy access to development opportunities in China and Singapore markets, through joint showcasing".

The cooperation is an expansion of BOC and SGX's reminder of comprehension (MOU) that was initially marked in 2013.

The Singapore economy grew by 2.1 per cent on a year-on-year basis in the first quarter of 2015 based on advance estimates, the same rate of growth as that achieved in the previous quarter.

The core manufacturing sector contracted by 3.4 per cent on a year-on-year basis,the contraction was due to a fall in output in the transport engineering, electronics and precision engineering clusters.

The construction sector expanded by 3.3 per cent on a year-on-year basis in the first quarter, an improvement from the 0.7 per cent growth recorded in the preceding quarter.

Small and medium-sized enterprises (SMEs) took 44 days to settle their accounts in the first quarter of this year - translating into the slowest rate of payment since the second quarter of 2012.

SINGAPORE share prices opened higher on Monday, with the Straits
Times Index (STI) up 6.31 points to 3,478.69 at 9.02am, following gains
in the US and European markets on Friday.Top gainers in early morning trade included Keppel Corporation and the Singapore Exchange.

Some 110 million shares worth S$68 million changed hands, with gainers outnumbering losers 123 to 46.